Automotive Loans

Put yourself in the driver’s seat knowing what you can afford and what you should be paying

Excellent industry rates

Same day approval in most cases

Refinance your higher rate auto loans and save

Loan terms up to 48 months for new or used cars

Reduce your interest with no prepayment penalties

When dealers see that you’re pre-approved, they know you are a serious buyer. They’ll be ready to make a good deal to get your business, and you can be confident knowing that you have a low-rate financing option.

Required Items for Automotive Loans

New Vehicles

Persons applying for new vehicle loans are required to supply us with the following:

A pro forma invoice for the vehicle

A quotation for Comprehensive Insurance coverage

Vehicle Repairs

A detailed estimate of expenses

Quotation for parts needed

Quotation for workmanship

Used Vehicles

Persons applying for used vehicle loans are required to supply us with the following:

A letter from the vendor which confirms sale of the vehicle. This letter should also include engine/chassis number, make and model of the vehicle and the agreed selling price

A Roadworthy Certificate from a recognized garage

A Valuation Report from a vehicle distributor or recognized garage

A quotation for Comprehensive Insurance Coverage

Used vehicles should not be older than five (5) years old. A percentage deposit of the total cost of the vehicle must also be on the account at the time of the application.

Loan Application Process

Apply

To get the loan process started, first apply through Prudential

Get Preapproved

We will process your application and notify you when your preapproval is completed

Negotiate

Be sure to bring your loan preapproval to the dealer, as this will give you maximum leverage and help you negotiate the best deal

Complete

Once the deal is finalized, send us the purchase agreement and we can finalize your loan documents

Frequently Asked Questions

How can being preapproved help me?

Being preapproved helps you focus on negotiating the best price, knowing that you won’t end up with high rate financing when you close the deal. Plus, dealers tend to take people more seriously when they come in with preapproved financing because it means you’re ready to do business and not just “window shopping.”

How fast can I be approved for an automotive loan?

In many cases, your funds may be available the same day. We understand that sometimes the vehicle-buying process is urgent.

Can I pay off my loan quicker than the payment schedule?

There are no prepayment penalties for paying off your loan faster than your payment schedule.